The S&P 500 and the NAS Comp advanced to record marks on Friday, driven by gains in technology stocks, while each of the major indexes closed out the Quarter with solid gainers.

The DJIA finished up about 24 points and posted Quarterly gains of 4.9%, its 8th straight Quarter of gains for the 1st time since 1997.

Financials received a lift and marked their session highs Friday after reports President Trump met with former Federal Reserve Governor Kevin Warsh to discuss his potential nomination as Fed Chairman. The sector was up 0.34%.

It’s the longest since an 11-Quarter run that ended in September 1997, according to the data.

On the Week

Technology was the best performing of the major S&P sectors, + 0.75%, its 4th straight day of gainers to recover a dip earlier in the week.

The S&P and NAS Comp closed at records for the 3rd day running.

On the Month

For September, the DJIA gained 2.1%, the S&P rose 1.9% and the NAS Comp advanced 1.05% during one of the least volatile September’s in market history.

On the Quarter

The strong gains extend the DJIA’s streak of winning Quarters to 8. It’s the longest since an 11-Quarter run that ended in September 1997.

This current winning streak began during Q-4 of Y 2015 and accelerated after last fall’s election, dubbed The Trump Rally

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.